GOLD Bearish Sign – 27th October 2014

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GOLD Market holds on 1230$ and daily chart show the shooting start and 1240$ Resistance area. If GOLD breaks the 1230 Level then it goes to 1220$ and 1209$ have nice support area. So we are not interested in buying.

GOLD Followers :

Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade        is cancelled
6. Remember: Losing is a main part of the game

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